RESULTS ANNOUNCEMENT Third Quarter 2018
|
|
- Valerie Sutton
- 5 years ago
- Views:
Transcription
1 RESULTS ANNOUNCEMENT Third Quarter 2018 Webcast November 6, 2018
2 Disclaimer The presentation may contain forward-looking statements about future events that are not based on historical facts and are not assurances of future results. Such forward-looking statements merely reflect the Company s current views and estimates of future economic circumstances, industry conditions, company performance and financial results. Such terms as "anticipate", "believe", "expect", "forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forward-looking statements. Readers are cautioned that these statements are only projections and may differ materially from actual future results or events. Readers are referred to the documents filed by the Company with the SEC, specifically the Company s most recent Annual Report on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, risks relating to general economic and business conditions, including crude oil and other commodity prices, refining margins and prevailing exchange rates, uncertainties inherent in making estimates of our oil and gas reserves including recently discovered oil and gas reserves, international and Brazilian political, economic and social developments, receipt of governmental approvals and licenses and our ability to obtain financing. In addition, this presentation also contains certain financial measures that are not recognized under Brazilian GAAP or IFRS. These measures do not have standardized meanings and may not be comparable to similarly-titled measures provided by other companies. We are providing these measures because we use them as a measure of company performance; they should not be considered in isolation or as a substitute for other financial measures that have been disclosed in accordance with Brazilian GAAP or IFRS. NON-SEC COMPLIANT OIL AND GAS RESERVES: CAUTIONARY STATEMENT FOR US INVESTORS We present certain data in this presentation, such as oil and gas resources, that we are not permitted to present in documents filed with the United States Securities and Exchange Commission (SEC) under new Subpart 1200 to Regulation S-K because such terms do not qualify as proved, probable or possible reserves under Rule 4-10(a) of Regulation S-X. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason. Figures for 2018 on are estimates or targets. All forward-looking statements are expressly qualified in their entirety by this cautionary statement, and you should not place reliance on any forwardlooking statement contained in this presentation. 2
3 Focus on top metrics TOTAL RECORDABLE INJURIES (TRI) per million man-hour frequency rate Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 Efforts to enhance safety culture, considering the warning limit of 1.0: Continuous improvement in safety conditions Practices of international benchmarks: IOGP (International Association of Oil & Gas Producers) and Concawe (Environmental Science for European Refining) Programs, seminars and trainings for workforce and suppliers 3
4 Focus on top metrics NET DEBT / ADJUSTED EBITDA Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 * * Excluding the Class Action settlement 4
5 main highlights Net income of R$ 24 billion, 371% above, and best result since 2011 Solid results Record adjusted EBITDA of R$ 86 billion, 35% above. Adjusted EBITDA margin of 33% Excluding the effects of the Class Action and the DOJ/SEC settlements, net income would be R$ 28 billion and adjusted EBITDA R$ 89 billion Lower debt levels Net debt/ltm adjusted EBITDA metric reduced to 2.96 in Sep/18 (vs 3.67 in Dec/17). Excluding the Class Action settlement, the metric would be 2.66, lowest level since Sep/12 Net debt reached US$ 73 billion, a 14% reduction, and the lowest level since Dec/12 Shareholders remuneration Board of Directors approved higher anticipation of Interest on Capital: R$ 0.10 per share (preferred and common), totaling R$ 1.3 billion in the quarter 5
6 Other highlights Production Production start-up of 3 new systems: FPSOs Cidade de Campos dos Goytacazes, P-74 and P-69 Exploratory Portfolio Acquisition of Sudoeste de Tartaruga Verde block, in the 5th PSA round Partnerships Parnerships signed with Equinor (offshore wind power in Brazil); Total (renewable energy); CNPC (Comperj and Marlim cluster) and Murphy (Gulf of Mexico) Diesel Subsidy R$ 1.6 billion received relative to the 2nd phase of the diesel subsidy program Gasoline Hedge Mechanism for complementary hedge for gasoline, allowing lower frequency in price adjustments Reimbursement R$ 1.7 billion in resources recovered by operation Car Wash 6
7 Higher Brent and Depreciation of the real BRENT + 39% (US$/bbl) 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 x AVERAGE FX (R$/US$) % x 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 7
8 financial performance (R$ billion) Sales Revenue 93.0 Gross Profit 85.7 Adjusted EBITDA 23.7 Net Profit 37.5 Free Cash Flow 8
9 Record adjusted EBITDA for the first 9 months (R$ billion) +35% M10 9M11 9M12 9M13 9M14 9M15 9M16 Brent (US$/bbl)
10 Adjusted EBITDA (R$ billion) Exploration and Production +63% 77.5 Higher Brent prices +35% Depreciation of the real Lifting cost under control 63.6 Refining, Transportation and Marketing % 21.4 Lower diesel and gasoline margins relative to Brent, offset by the positive effect of inventories built at lower prices Lower sales volume Higher sales volume and market share for diesel Reduction on refining cost 10
11 R$/m³ Diesel prices aligned to international markets 08/Jun 2nd phase 31/Aug 3rd phase 2nd period 2500 Petrobras diesel prices without subsidy 01/Jun 1st phase 01/Aug 3rd phase 1st period Petrobras diesel prices with subsidy 2250 US Gulf diesel prices (USG) /May - 10% Jan/18 Mar/18 May/18 Jul/18 Sep/18 11
12 Operating profit grows 39% and net profit 371% (R$ billion) Operating profit % 51.5 Net profit +371% 23.7 Higher Brent prices and depreciation of the real Higher margins in oil product sales and oil exports Increase in diesel sales with improvement in market share Lower G&A 5.0 Lower financial expenses due to reduction in debt levels Higher government take DOJ/SEC settlement Excluding the effects of the Class Action and DOJ/SEC settlements, net profit would be R$ 28 billion 12
13 Positive free cash flow* for 14 quarters in a row (R$ billion) Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q *Free cash flow to the firm Operating cash flow Investments Free cash flow 13
14 Debt reduction (US$ billion) Q17 1Q18 2Q18 3Q18 Gross debt Net debt 4Q17 3Q18 Average interest rate (% p.y.) Average duration (years) Leverage (%)
15 Liability management (US$ billion) Amortization schedule Position as of 10/31/ Revolving credit facilities CASH
16 Divestments CLOSING Total cash inflows: US$ 5 billion Total signings in : US$ 7.5 billion Suspended by judicial decisions: Araucária Nitrogenados, TAG, Partnerships in Refining and UFN-III BINDING PHASE BAÚNA FIELD TARTARUGA VERDE E MESTIÇA AND MÓDULO 3 ESPADARTE FIELDS (50%) SERGIPE ALAGOAS DEEP WATERS PETROBRAS OIL & GAS B.V. ( POGBV ) * E&P GULF OF MEXICO* PARAGUAY ASSETS* RONCADOR FIELD (25%) AZULÃO TEASER AND NON- BINDING PHASE PASADENA REFINERY SHALLOW WATER FIELDS (RJ, SP, CE, SE) PETROCHEMICAL SUAPE AND CITEPE SÃO MARTINHO ONSHORE FIELDS (POLO LAGOA PARDA) ONSHORE FIELDS LIQUIGÁS (FINE) BSBIOS PIRANEMA AND PIRANEMA SUL FIELDS (SE) CARCARÁ (2nd INSTALMENT) SHALLOW WATER FIELDS (RN) MAROMBA FIELD (RJ) LAPA AND IARA * Pending external approvals 16
17 New partnerships MOU for offshore wind power MOU for renewable energy Busines model for investments in Comperj refinery and Marlim Partnership in Gulf of Mexico 17
18 Operating cost under control (R$ billion) G&A Lifting cost* US$/barrel Refining cost in Brazil R$/barrel -6% % % * Brazil and abroad 18
19 2018 outlook (US$ billion) 30 OPERATING CASH FLOW 7 DIVESTMENTS 13 INVESTMENTS 6 INTEREST PAYMENTS
20 Operational highlights
21 Production according to plan (MM BOED) % Production in offshore mature fields: matching of new wells with improvements in platforms Divestments End of early production systems of Itapu and Tartaruga Verde and works on Route 1 Oil + Gas Abroad Gas Brazil Oil Brazil Ramp up of new platfoms 21
22 High productivity in pre-salt wells Top 10 production wells (Aug/18 average; Petrobras + partners) Búzios P-74 P-75 Field Number of wells Production per well (kbpd) Sapinhoá Lula Mero 1 39 Design of wells for higher flow rates Flow lines with larger diameter Water alternate gas injection Great reservoir characterization Operating Forecasted 22
23 Conclusion of first Extended Well Test on Mero field Extended Well Tests with total reinjection of produced gas Operation initiated in November 2017 with the first dedicated unit FPSO Pioneiro de Libra HIGH PRODUCTIVITY confirms the field s potential Allowing the speedy implementation of four definitive systems 180 kbpd 180 kbpd 180 kbpd 180 kbpd 23
24 Drilling of first Peroba well sets a record Beginning only 9 months after signing Time until first well Well 1-RJS-752 Rig NS-42 (ODN 2) Peroba 9 months Peroba Lula (Tupi) 60 months 24
25 Start-up of new production systems 4 new projects already delivered in 2018 Búzios 1 Tartaruga Verde e Mestiça Lula Extremo Sul Búzios 2 FPSO P-74 FPSO Cid. de Campos dos Goytacazes FPSO P-69 FPSO P kbpd 150 kbpd 150 kbpd 150 kbpd WI Petrobras: 100% WI Petrobras: 100% WI Petrobras: 65% First oil in 04/20/18 First oil in 06/22/18 First oil in 10/23/18 WI Petrobras: 100% 2 wells producing 3 wells producing 1 well producing 5 completed wells 8 completed wells 9 completed wells 8 completed wells 25
26 Progress in portfolio paves the way for production increase Lula Norte Búzios 3 UNDER EXECUTION: FPSO P-67 FPSO P-76 ATAPU 1 SÉPIA MERO 1 Arrival at location: 4Q18 Arrival at location: 4Q18 UNDER PROCUREMENT: BÚZIOS 5 Búzios 4 FPSO P-77 Berbigão and Sururu FPSO P-68 INTEGRADO PARQUE DAS BALEIAS REVITALIZAÇÃO DE MARLIM 1 AND 2 MERO 2 UNDER PLANNING: SERGIPE DEEP WATERS Arrival at location: 1H19 Arrival at location: 1H19 ITAPU 26
27 Ramp up process Total wells beginning operations in 2018 and We have installed our 100th manifold in Sep/18, at 1970m water depth. The equipment will be connected to P-76, in Búzios field This represents the 16th pre-salt manifold installation, with lower costs and in less time, without any accidents Wells drilled and completed for the ramp up of the next systems going according to plan Wells completed Wells to be completed Lines and umbilicals available for interconnection activities Support vessels allocated to enable anchoring activities and interconnections 27
28 Higher efficiency in refining operations Evolution in refining cost R$/bbl Higher focus in costs optimization in the past years, allowing for gains in operational efficiencies US$/bbl Currently, the refining system is in the same level of the best refiners worldwide, positioned in Solomon s first quartile 4% reduction in refining unit cost in reais 28
29 Higher efficiency in logistics operations Lower costs with oil offloading (US$ million) Higher integration between E&P and RTM in ships scheduling Average reduction of 10 cabotage vessels (offloading operations) between periods Increase in operations safety, reducing risks in production stoppages due to oil offloading 10.7% 7.7% 29
30 Increase in diesel sales volume Participation of domestic oil in processed feedstock (%) Sales volume * (kbpd) Oil products output (kbpd) 1,861 1,795 1,802 1, Refining plants operational availability (%) Reduction in overall demand for oil products Loss of market share to ethanol Reduction in naphta sales Others Gasoline Diesel *Includes intersegment and third-party sales. Does not include BR Distribuidora sales 30
31 Market share and refineries utilization 83% 74% 65% 79% 77% 79% 84% 87% 93% 91% 93% Diesel JAN FEB MAR APR MAY JUN JUL AUG SEP 90% 83% 80% 77% 80% 85% 83% 85% 87% 89% 91% Gasoline JAN FEB MAR APR MAY JUN JUL AUG SEP 81% 77% 71% 73% 72% 79% 82% 81% 82% 76% 75% Utilization factor JAN FEB MAR APR MAY JUN JUL AUG SEP 31
32 Oil and oil products exports of 596 kbpd, with a net balance of 272 kbpd Imports (kbpd) Exports (kbpd) Net balance (kbpd) Crude Oil Oil products 32
33 Stable natural gas sales with a higher share of the non-thermoelectric segment Natural gas supply (MMm 3 /day) Natural gas demand (MMm 3 /day)) LNG Bolívia Non-thermoelectric Thermoelectric Domestic System gas
34 IMO* 2020 as a business opportunity Sulfur limit for bunker Pre-salt oil profile (FPSO Angra dos Reis) and its distillation residue Petrobras is well positioned to capture the appreciation in middle distillates Investments in coking units 4.5% by 12/ % by 12/ % by 01/2020 Crude Oil Direct distillation residue ~0.3% sulfur ~0.5% sulfur REPLAN RPBC REGAP 2004 RNEST REPAR REVAP REDUC 2012 REFAP * IMO = International Maritime Organization 34
35 RESULTS ANNOUNCEMENT Third Quarter 2018 Conference call / webcast Investor Relations petroinvest@petrobras.com.br 36
RESULTS ANNOUNCEMENT Third Quarter 2018
RESULTS ANNOUNCEMENT Third Quarter 2018 Press Conference November 6, 2018 Disclaimer The presentation may contain forward-looking statements about future events that are not based on historical facts and
More informationDOING BUSINESS WITH PETROBRAS: PROCUREMENT STRATEGIES
DOING BUSINESS WITH PETROBRAS: PROCUREMENT STRATEGIES Houston 2015 Ronaldo M.L. Martins, M.Sc. Procurement Department 1 DISCLAIMER FORWARD-LOOKING STATEMENTS The presentation may contain forward-looking
More informationDoing business with Petrobras - Procurement Strategies and Local Content. Policy.
Doing business with Petrobras - Procurement Strategies and Local Content Ronaldo M. L. Martins, M.Sc. Market Development, Manager Procurement Department March/2015 Policy. Disclaimer FORWARD-LOOKING STATEMENTS
More informationBrazil. A new window of opportunity. José Firmo. President of Brazilian Petroleum, Gas and Biofuels Institute
Brazil A new window of opportunity José Firmo President of Brazilian Petroleum, Gas and Biofuels Institute Disclaimer The content of this presentation is merely informative and uses data from third parties.
More informationQ Analyst Teleconference. 9 August 2018
9 August 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the
More informationPetrobras. Nelson Silva Chief Strategy and Performance Officer April, 2017
Petrobras Nelson Silva Chief Strategy and Performance Officer April, 2017 Agenda - Petrobras among the peers - Tracking the 2017-2021 Business and Management Plan (BMP) - Zero Base Budget - Risk Management
More information9M 2003 Financial Results (US GAAP)
9M Financial Results (US GAAP) January 2004 LUKOIL Group Crude Oil Production* mln tonnes 82 80 78 76 74 72 70 68 66 64 Crude oil production 3.2 5.5 3.9 76.8 70.3 71.3 2001 Production by subsidiaries Share
More informationValvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call. November 9, 2016
Valvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call November 9, 2016 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the
More informationPERSPECTIVES FOR THE BRAZILIAN REFINING INDUSTRY
PERSPECTIVES FOR THE BRAZILIAN REFINING INDUSTRY Jorge Celestino Refining & Natural Gas Executive Director 24.10.2016 Transformations facing the oil industry Changes in the competitive scenario: shale
More information2015 Interim Results Announcement
China Petroleum & Chemical Corporation 2015 Interim Results Announcement August 27, 2015 Hong Kong Cautionary Statement This presentation and the presentation materials distributed herein include forward-looking
More informationPPSA s roles and activities in the Brazilian pre-salt
PPSA s roles and activities in the Brazilian pre-salt Approach to Norwegian Institutions and Industry Rio de Janeiro, 12/08/15 Edson Nakagawa Pré-Sal Petróleo S. A. (PPSA) Outline The Brazilian pre-salt
More informationMonths Investor Presentation
2018 9 Months Investor Presentation 25.10.2018 Disclaimer Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations,
More information2010 Interim Results Presentation. August 23, 2010 Hong Kong
Sinopec Corp. 21 Interim Results Presentation August 23, 21 Hong Kong Disclaimer i This presentation and the presentation materials distributed herein include forwardlooking statements. All statements,
More informationGAS TO POWER - BRAZIL
23 rd WORLD GAS CONFERENCE AMSTERDAM GAS TO POWER - BRAZIL Rogerio Manso Executive Manager Marketing and Trading Gas & Energy manso@petrobras.com.br June 6 th, 2006 Disclaimer The presentation may contain
More information2014 Global Energy Conference Credit Suisse. Rudimar Lorenzatto Exploration & Production June, 2014
2014 Global Energy Conference Credit Suisse Rudimar Lorenzatto Exploration & Production June, 2014 DISCLAIMER FORWARD-LOOKING STATEMENTS: DISCLAIMER The presentation may contain forward-looking statements
More informationREPORT ON THE PRICING POLICY FOR GASOLINE AND DIESEL 1st QUARTER 2017 BACKGROUND
BACKGROUND The new pricing policy for gasoline and diesel was announced by Petrobras on material fact disclosed on 10/14/2016, and one of its principles is to never charge prices lower than international
More informationMonro, Inc. Second Quarter Fiscal 2019 Earnings Call. October 25, 2018
Monro, Inc. Second Quarter Fiscal 2019 Earnings Call October 25, 2018 Safe Harbor Statement and Non-GAAP Measures Certain statements in this presentation, other than statements of historical fact, including
More informationQ3 and Q1-Q3Q preliminary results
MOL Hungarian Oil and Gas Company Q3 and Q1-Q3Q3 2005 preliminary results November 11,, 2005 Disclaimer "This presentation and the associated slides and discussion contain forward-looking statements. These
More informationRoadshow Presentation
Roadshow Presentation June 2, Wilfried Trepels, CFO 1 SAF-HOLLAND - Components Fifth Wheels Kingpins Suspensions Landing Gear Axle Systems 2 SAF-HOLLAND - Business Units Trailer Systems Powered Vehicle
More informationContinued strong performance in key businesses
Continued strong performance in key businesses SECOND QUARTER PRELIMINARY RESULTS August 9, Disclaimer "This presentation and the associated slides and discussion contain forward-looking statements. These
More informationFinancial Statements Matti Lievonen, President & CEO 7 February 2017
Financial Statements 2016 Matti Lievonen, President & CEO Agenda 1 2 3 4 Year 2016 Financials 2016 Segment reviews Current topics 5 Appendix 2 Disclaimer The following information contains, or may be deemed
More informationPitti Laminations Limited
Pitti Laminations Limited (BSE: 513519, NSE: PITTILAM) Q3 FY2016 Earnings Presentation 12 February 2016 Cautionary Statement This presentation contains statements that contain forward looking statements
More informationMercado Libre. First Quarter 2018 Results. Investor Relations
Mercado Libre First Quarter 2018 Results Investor Relations This presentation may make forward-looking statements relating to such matters as continued growth prospects for the company, industry trends
More informationPetrobras Repositioning in Refining
Petrobras Repositioning in Refining Preliminary model Landulpho Alves Refinery Mataripe, BA Initial considerations In order to support its final proposal regarding partnerships in the refining segment,
More informationBAZAN Group Oil Refineries Ltd. First Quarter 2014 Results. May 2014
BAZAN Group Oil Refineries Ltd. First Quarter 2014 Results May 2014 1 Disclaimer This presentation has been prepared by Oil Refineries Ltd. (the "Company") as a general presentation of the Company and
More informationBernstein Strategic Decisions Conference 2018
Bernstein Strategic Decisions Conference 2018 Forward-Looking Statements Certain statements in this presentation, other than statements of historical fact, including estimates, projections, statements
More informationSinopec Corp. Q Results Announcement. 29 October 2010
Sinopec Corp. Q3 2010 Results Announcement 29 October 2010 Disclaimer i As required by the CSRC, financial statements of the third quarter of Sinopec Corp. (the Company ) were prepared under PRC Accounting
More informationMinistério de Minas e Energia. Minister Eduardo Braga. Brazil - Texas Chamber of Commerce - BRATECC May/2015
1 Minister Eduardo Braga Brazil - Texas Chamber of Commerce - BRATECC May/2015 2 3 World s 7 th largest economy; Investment grade Fiscal adjustment taking place; Inflation being controlled; Large and diversified
More informationThe evolution of Petrobras in an industry in transformation. Nelson Silva Chief Strategy and Performance Officer
The evolution of Petrobras in an industry in transformation Nelson Silva Chief Strategy and Performance Officer OUR TOP METRICS Safety TOTAL RECORDABLE INJURY FREQUENCY RATE (TRI)* Financial NET DEBT /
More informationApril Título da apresentação DD.MM.AAAA
Aquisition of Shell Argentina downstream assets April 2018 Título da apresentação DD.MM.AAAA DISCLAIMER This presentation contains estimates and forward-looking statements regarding our strategy and opportunities
More informationThird quarter results Matti Lievonen, President & CEO 26 October 2017
Third quarter results 2017 Matti Lievonen, President & CEO 26 October 2017 Agenda 1. Q3/17 Group financials 2. January-September 2017 review 3. Q3/17 Segment reviews 4. Current topics 5. Appendix 2 Disclaimer
More informationQ Matti Lievonen President and CEO
Q1 2018 Matti Lievonen President and CEO CONTENTS 1. Q1 2018 review 2. Group financials 3. Segment reviews 4. Current topics 5. Appendix 2 Disclaimer The following information contains, or may be deemed
More informationThird Quarter 2017 Performance and Business Update. October 26, 2017
Third Quarter 2017 Performance and Business Update October 26, 2017 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing
More informationPETROBRAS ARGENTINA S.A.
PETROBRAS ARGENTINA S.A. Fiscal Year 2014 Results Buenos Aires, February 4, 2015 Petrobras Argentina S.A. (Buenos Aires: PESA NYSE: PZE) announces the results for fiscal year ended December 31, 2014. Petrobras
More informationABATEMENT TECHNOLOGY, RFO vs DISTILLATE - impact on costs & emissions
ABATEMENT TECHNOLOGY, RFO vs DISTILLATE - impact on costs & emissions CIMAC Circle Marintec, Shanghai Dec 2009 Jerry Hammett Marine Technology Manager DISCLAIMER STATEMENT This presentation contains forward-looking
More informationCosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2012 August 2, 2012 Director: Satoshi Miyamoto
Cosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2012 August 2, 2012 Director: Satoshi Miyamoto Copyright 2012 COSMO OIL CO.,LTD. All Rights Reserved. Key Points of Financial Results
More informationABLC! Advancing Renewable Chemicals! November 10, 2014! Copyright 2014 Renewable Energy Group, Inc.
ABLC! Advancing Renewable Chemicals! November 10, 2014! Safe Harbor Statement! This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationBrazil: a Historic Opportunity for the Global Oil and Gas Industry
Brazil: a Historic Opportunity for the Global Oil and Gas Industry Décio Oddone Director General 5 th May, 2017 Outline 1 2 3 4 O&G in Brazil: a historic opportunity Bidding Rounds Schedule Potential Results
More informationLazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results
News Contact: +1 (813) 204-4099 investors@lazydays.com Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results Tampa, FL (August 9, 2018) Lazydays Holdings, Inc. ( Lazydays )(NasdaqCM: LAZY)
More informationInvestor presentation
Investor presentation 3rd Quarter 214 31 st October 214 Highlights Strong overall performance Record high revenues and EBITDA in KM, EBITDA-margin 18.9% Strong performance in KDS with EBITDAmargin in KDS
More informationREPORT ON THE PRICING POLICY FOR GASOLINE AND DIESEL 2nd QUARTER 2017 BACKGROUND
BACKGROUND The pricing policy for gasoline and diesel established by Petrobras has as one of its principles to never charge prices lower than international parity. The purpose of this Report is to analyze
More informationJordan Petroleum Refinery Company Equity Report. Jordan Petroleum Refinery Company June June 14, 2009
Jordan Petroleum Refinery Company Equity Report June 14, 2009 Serene Zawaydeh Head of Research Awraq Investments szawaydeh@awraq.com P a g e 1 Table of Contents Executive Summary... 1 Financial Highlights...
More informationRESULTS FOR Q ANALYST TELECONFERENCE
RESULTS FOR Q4 216 ANALYST TELECONFERENCE Market 1 2 Operation Financials 3 Market 1 216 Fourth Quarter Market Conditions Product Market Crude Oil Postponed Maintenances Started to take place High Agricultural
More informationOil Refineries Ltd. Fourth Quarter and Full Year 2011 Results. March 2012
Oil Refineries Ltd. Fourth Quarter and Full Year 21 Results March 22 1 Disclaimer This presentation has been prepared by Oil Refineries Ltd. (the "Company") as a general presentation of the Company and
More informationProcurement Policy and Critical Equipment Supply
Procurement Policy and Critical Equipment Supply Disclaimer FORWARD-LOOKING STATEMENTS The presentation may contain forward-looking statements about future events within the meaning of Section 27A of the
More informationInvestor Presentation June, 2014
Investor Presentation June, 2014 Bob Espey (CEO) and Mike Lambert (CFO) Investor Relations tom.mcmillan@parkland.ca 800-662-7177 ext. 2533 Forward Looking Statements Certain information included herein
More informationThird Quarter 2018 Performance and Business Update. October 24, 2018
Third Quarter 2018 Performance and Business Update October 24, 2018 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing
More information2018 Q3 results. Millicom International Cellular S.A. Cable expansion accelerating. Mauricio Ramos, CEO Tim Pennington, CFO October 24 th, 2018
2018 Q3 results Cable expansion accelerating Mauricio Ramos, CEO Tim Pennington, CFO October 24 th, 2018 Millicom International Cellular S.A. Disclaimer This presentation may contain certain forward-looking
More informationMONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS
CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Robert Gross Executive Chairman (585) 647-6400 FOR IMMEDIATE RELEASE Brian D Ambrosia Senior Vice President Finance Chief Financial Officer
More informationTOFAŞ RESULTS WEBCAST PRESENTATION
TOFAŞ 31.12.2017 RESULTS WEBCAST PRESENTATION 02.02.2018 AGENDA Highlights Turkish Automotive Industry Production Domestic Market Developments Tofaş Domestic Market Performance Export Markets & Tofaş Performance
More informationI remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First
CONFERENCE CALL 2009 1 st HALF RESULTS Good afternoon and welcome to everybody. I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group
More informationThe Future of Automotive and Industrial Lubricants
The Future of Automotive and Industrial Lubricants Ian Shannon General Manager, Automotive Lubricants Technology Definitions & Cautionary Note The companies in which Royal Dutch Shell plc directly and
More informationCosmo Oil Co., Ltd. The Third Consolidated Medium-Term Management Plan and Results of the First Quarter of Fiscal Year 2009
Cosmo Oil Co., Ltd. The Third Consolidated Medium-Term Management Plan and Results of the First Quarter of Fiscal Year 2009 August 3, 2009 Managing Director Satoshi Miyamoto [Q1 FY2009 Results] Consolidated
More informationProcurement Policy and Critical Equipment Supply
Procurement Policy and Critical Equipment Supply Disclaimer FORWARD-LOOKING STATEMENTS The presentation may contain forward-looking statements about future events within the meaning of Section 27A of the
More informationANALYST BRIEFING FOR THE THIRD QUARTER ENDED NOV 2016
ANALYST BRIEFING FOR THE THIRD QUARTER ENDED 2016 21 NOV 2016 MSM Malaysia Holdings Berhad Analyst Briefing Q3 2016 21/11/2016 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review Sugar
More informationTOFAŞ RESULTS WEBCAST PRESENTATION
TOFAŞ 31.12.2016 RESULTS WEBCAST PRESENTATION 02.02.2017 1 WEBCAST AGENDA Highlights Turkish Automotive Industry Production Domestic Market Developments Tofaş Domestic Market Performance Export Markets
More informationJAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER th FEBRUARY 2017
JAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER 2016 14 th FEBRUARY 2017 DISCLAIMER Statements in this presentation describing the objectives, projections, estimates and expectations of
More information2 ND QUARTER 2016 INVESTOR PRESENTATION 26 AUGUST Geir Håøy, President and CEO Hans-Jørgen Wibstad, CFO
2 ND QUARTER 2016 INVESTOR PRESENTATION 26 AUGUST 2016 Geir Håøy, President and CEO Hans-Jørgen Wibstad, CFO WORLD CLASS - through people, technology and dedication Page 2 HIGHLIGHTS Stable activity level
More informationMODEC, Inc Financial Results Analysts Presentation. February 6, 2019
MODEC, Inc. 218 Financial Results Analysts Presentation February 6, 219 Highlight Market Review & Outlook Financial Results FY218 : New Award 2 3 5 4 Track Record in Gulf of Mexico 1 FSO 1 FSO Ta Kuntah
More informationBaoshan Iron & Steel Co., Ltd. August 2010
Baoshan Iron & Steel Co., Ltd. August 2010 1 Disclaimer: The following presentation distributed herewith includes forwardlooking statements. All statements, other than statements of historical facts, that
More information3Q 2013 Financial Results (US GAAP) New York, November 2013
3Q 2013 Financial Results (US GAAP) New York, November 2013 Forward-Looking Statements Certain statements in this presentation are not historical facts and are forward-looking. Examples of such forward-looking
More informationEmpresa Nacional del Petróleo. 2Q 2012 Financial Results
Empresa Nacional del Petróleo 2Q 2012 Financial Results Disclaimer Forward-looking statements are based on the beliefs and assumptions of ENAP s management and on information currently available to the
More information1. Trends in the current fiscal year and previous fiscal year 3. Business overview 2. Secular trends in first quarter financial results
FY2/19 (March 2018~May 2018) Fact Book 1. Trends in the current fiscal year and previous fiscal year 3. Business overview (1) Performance overview P. 1 (1) No. of students at the end of month P. 6 (2)
More informationThe Influence of Geology on the Development of Petrobras
The Influence of Geology on the Development of Petrobras Brian Sandstrom PESD Research Project: Interim Findings April 19, 2007 Petrobras Performance Mbpd Petrobras Annual Daily Production of Crude Oil,
More informationCONFERENCE CALL RESULTS Q1 2017
CONFERENCE CALL RESULTS Q1 2017 May 5, 2017 Marc Bunz (CFO) Nicolas-Fabian Schweizer (CTO) AGENDA Market & Strategy Update Financials 2016 Financials Q1 2017 Outlook SCHWEIZER Share Schweizer Electronic
More informationDeutsche Bank Auto Industry Conference. January 17, 2018
Deutsche Bank Auto Industry Conference January 17, 2018 Safe Harbor Statement Statements contained in, or incorporated by reference into this presentation, future filings by us with the Securities and
More information2015 Annual Results Announcement
China Petroleum & Chemical Corporation 2015 Annual Results Announcement March 30, 2016 Hong Kong Disclaimer This presentation and the presentation materials distributed herein include forward-looking statements.
More informationLazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results
News Contact: +1 (813) 204-4099 investors@lazydays.com Lazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results Tampa, FL (November 8, 2018) Lazydays Holdings, Inc. ( Lazydays ) (NasdaqCM:
More informationRegional Refining Outlook
Regional Refining Outlook Implications for Crude Demand Platts Crude Summit 15 May 213 David Wech JBC Energy GmbH 13 th May 213 Research - Energy Studies - Consulting - Training Disclaimer All statements
More informationThe Alliance October 23, 2008
The Alliance October 23, 2008 Energy Security Erec Isaacson Vice President, Commercial Assets ConocoPhillips Alaska, Inc. Cautionary Statement FOR THE PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE
More information3Q 2016 Analyst Presentation
3Q 2016 Analyst Presentation November 18, 2016 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ
More informationPETROBRAS ARGENTINA S.A.
PETROBRAS ARGENTINA S.A. Second Quarter 2015 Results Buenos Aires, July 30, 2015 Petrobras Argentina S.A. (Buenos Aires: PESA NYSE: PZE) announces the results for the second quarter ended June 30, 2015.
More informationMONRO, INC. ANNOUNCES SECOND QUARTER FISCAL 2018 FINANCIAL RESULTS
CONTACT: Brett Ponton Chief Executive Officer (585) 647-6400 FOR IMMEDIATE RELEASE Brian D Ambrosia Senior Vice President Finance Chief Financial Officer (585) 647-6400 Investors and Media: Effie Veres
More informationENEL PUBLISHES 2018 SECOND QUARTER AND FIRST HALF GROUP OPERATING DATA REPORT
Media Relations Investor Relations T +39 06 8305 5699 T +39 06 8305 7975 F +39 06 8305 3771 F +39 06 8305 7940 ufficiostampa@enel.com investor.relations@enel.com enel.com enel.com ENEL PUBLISHES 2018 SECOND
More informationCascade and Chinook Journey History and Future
Cascade and Chinook Journey History and Future Chinook Gas Export César Palagi Walker Ridge Asset Manager Petrobras America Inc. July 9 th, 2012 Cascade 1 Disclaimer The presentation may contain forecasts
More informationMorgan Stanley Industrials & Autos Conference. September 16, 2014
Morgan Stanley Industrials & Autos Conference September 16, 2014 Rodney O'Neal Chief Executive Officer and President Jeff Owens Executive Vice President and Chief Technology Officer Forward-looking statements
More informationPetrobras Gas Utilization Optimization Program (POAG-2015)
Petrobras Gas Utilization Optimization Program (POAG-2015) Denis Krambeck Dinelli Petrobras Domestic E&P Gas Production Planning 2 nd WOC1/PGCA Meeting Rio de Janeiro, Brazil 18-21 February 2013 Summary
More informationPlug Power and Workhorse Provide FedEx Express With First ProGen Fuel Cell-Powered Electric Delivery Van
Plug Power and Workhorse Provide FedEx Express With First ProGen Fuel Cell-Powered Electric Delivery Van 5/1/2018 First of its kind to operate in a standard commercial on-road environment LATHAM, N.Y.,
More informationExamining the cost burden imposed on European refining by EU legislation
ENVIRONMENTAL SCIENCE FOR THE EUROPEAN REFINING INDUSTRY Examining the cost burden imposed on European refining by EU legislation Platts European Middle Distillates Conference Antwerp, Belgium Alan Reid
More information1 st Half 2018 Results. August 1 st, 2018
1 st Half 2018 Results August 1 st, 2018 H1 HIGHLIGHTS & CATEGORY SPOTLIGHTS Gonzalve BICH 2 First Half 2018 Key Messages Challenging market and business environment Continued investment in targeted Brand
More informationThank you for your time today, I am Yoshio Kometani of Mitsui Infrastructure Projects Business Unit.
Thank you for your time today, I am Yoshio Kometani of Mitsui Infrastructure Projects Business Unit. 1 2 As we explained at Mitsui s Investor Day 2017, Infrastructure Projects Business Unit scope includes
More informationTOFAŞ Q ANALYST PRESENTATION
TOFAŞ Q1 2016 ANALYST PRESENTATION 03.05.2016 1 2016 Q1 AGENDA Highlights Turkish Automotive Industry Production & Capacity Utilization Domestic Market Developments Tofaş Domestic Market Performance Export
More informationManaging the Challenge of Cost Effective Lubrication & Prolonging Engine Lifetime
Managing the Challenge of Cost Effective Lubrication & Prolonging Engine Lifetime Greener Shipping Summit 2016 What about Tomorrow! November 15th, 2016, Athens Jens Moeller Shell Marine 15 nd November
More informationVolvo Group THIRD QUARTER 2015 JAN GURANDER. Volvo Group Headquarters Third quarter
Volvo Group THIRD QUARTER 2015 JAN GURANDER 1 VOLVO GROUP Third quarter highlights NET SALES SEK bn 12 months 310 bn IMPROVED PROFITABILITY ON FLAT VOLUMES UNDERLYING OPERATING MARGIN 6.9% 67 73 OPERATING
More informationAmerican Railcar Industries, Inc.
American Railcar Industries, Inc. Exhibit 99.2 Q3 2017 Supplemental Information Investor Contact: 636.940.6000 Website: americanrailcar.com Forward Looking Disclaimer Safe Harbor Statement This presentation
More informationMODEC, Inc Financial Results Analysts Presentation. February 7, 2018
MODEC, Inc. 217 Financial Results Analysts Presentation February 7, 218 Highlight Financial Results Mid-term Business Plan 22 2 FY217 : New Awards Awarded 2 large FPSO(EPCI + Charter) The 13 th and 14
More information2010 1Q Investor Meeting. May 2010
2010 1Q Investor Meeting May 2010 This presentation contains preliminary figures which may be materially different from the final figures. While the statements in this presentation represent our current
More informationRNG Production for Vehicle Fuel. April 4, 2018
RNG Production for Vehicle Fuel April 4, 2018 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section
More informationANALYST BRIEFING FOR THE FOURTH QUARTER ENDED FEBRUARY 2017
ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED 2016 22 FEBRUARY 2017 MSM Malaysia Holdings Berhad Analyst Briefing Q4 2016 22/2/2017 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review
More informationMODEC, Inc Financial Results Analysts Presentation. February 9, 2017
MODEC, Inc. 216 Financial Results Analysts Presentation February 9, 217 MODEC, Inc. 216 Financial Results Highlights Market Review & Outlook Financial Results 2 FY216 : Delivered Units FPSO Prof. John
More informationQ SALES Strong organic growth, confirmed momentum. October 12, 2017
Q3 2017 SALES Strong organic growth, confirmed momentum October 12, 2017 Q3 2017 Sales Key facts Sales Since January 1, 2017, Faurecia reports on value-added sales, which are total sales less monolith
More informationFISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS
FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business
More informationConference Call H Düsseldorf August 4, 2016
R H E I N M E TA L L A G T H E T EC H N O LO GY G RO U P FO R S EC U R I T Y A N D M O B I L I T Y Conference Call Düsseldorf August 4, 2016 RHEINMETALL AG 2016 Rheinmetall Group Highlights Increased sales,
More informationthird QUARTER 2012 October 26, 2012
third QUARTER 212 October 26, 212 Helena norrman Senior Vice President Communications third QUARTER 212 October 26, 212 This presentation contains forward-looking statements. Such statements are based
More informationConférence d Automne - Cheuvreux. Paris, September 26 th, 2011
Conférence d Automne - Cheuvreux Paris, September 26 th, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company
More informationKIRBY CORPORATION ANNOUNCES 2017 FIRST QUARTER RESULTS first quarter earnings per share of $0.51 compared with $0.71 in the 2016 first quarter
KIRBY CORPORATION FOR IMMEDIATE RELEASE Contact: Brian Carey 713-435-1413 KIRBY CORPORATION ANNOUNCES 2017 FIRST QUARTER RESULTS 2017 first quarter earnings per share of $0.51 compared with $0.71 in the
More informationEmpresa Nacional del Petróleo 2Q 2014 Results
Empresa Nacional del Petróleo 2Q 2014 Results Santiago, August 2014 Disclaimer Forward-looking statements are based on the beliefs and assumptions of ENAP s management and on information currently available
More informationStrong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer
PRESS RELEASE 2018 results (1) March 14, 2019 Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer Revenue:
More informationABB Innovation & Technology Day
AUBURN HILLS, SEPTEMBER 6, 2017 Writing the digital future takes ability. ABB Ability. ABB Innovation & Technology Day Guido Jouret, CDO Important Notices Presentations given during the ABB Innovation
More informationFocus on Brazil. Frederic Delormel, Senior Vice President, Brazil March 30, 2010
Focus on Brazil Frederic Delormel, Senior Vice President, Brazil March 30, 2010 Petrobras Production objectives Petrobras Oil & Gas production (1,000x boe/d) 5,729 632 Worldwide 3,655 341 In Brazil 2,003
More information